Business Africa
US suspends Rwanda’s duty-free Agoa clothing
The U.S. has suspended duty-free access to Rwandan textile imports from Rwanda under the African Growth and Opportunity Act (Agoa). The U.S. Trade Representative’s office review was in response to a complaint by the U.S. textile industry over a decision by three East African nations,Rwanda, Tanzania and Uganda to ban importation of used clothes and shoes.
Rwanda is ranked second in Africa, behind Mauritius, in the World Bank’s 2018 Doing Business report.
China-US trade war
China suspended tariff concessions on 128 items of U.S. products including pork and fruits, starting early this week. China says it was a counter measure to a previous U.S. move to slap tariffs on their steel and aluminum imports. But what impact will this trade war between these economic giants have on the continent?
The Communist Party-state economy is now Africa’s biggest trading partner and rivals the US and other world powers. Chinese investment, extraction of resources and trade jumped tenfold in the first decade of this century.
01:12
UN chief António Guterres calls for dialogue among civilizations
01:20
China’s blind box toys captivate global fans
01:00
Renewed calls to end plastic pollution on World Environment Day
00:52
Bill Gates says most of his $200 billion fortune will go to Africa over next 20 years
Go to video
Africa’s First Multilingual Small Language Model Gets Even Smaller - Thanks to Top African Innovator
01:14
DR Congo Justice Minister under fire over $19M transfer